Budgetrac

Access Previous Project Data to Improve Your next CRE Project

For commercial real estate (CRE) developers, the availability of accurate, actionable data from previous projects, and the ability to access this data, is hugely important to help inform decisions and ensure the continued success of current and future projects. In today’s challenging real estate environment, all aspects of operations must ideally run at optimal efficiency. …

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Office Space Uncertainty as Working from Home Becomes More Mainstream

The future adoption of remote work methods by businesses casts a pall of uncertainty over the commercial office space industry. Has the rise in work-from-home jobs affected office space openings? And will it have a longer-term impact? These are the questions CRE developers are asking since there is no real historical data to analyze as …

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How to Reduce Redundancies and Increase Efficiency with Budgetrac

As the old adage goes, time is money. Therefore, any opportunity to save time by streamlining business operations should be taken wherever and whenever possible. And in commercial real estate (CRE) development, where the costs of doing business are so volatile, so mercurial, time is the one variable that is always guaranteed to be of …

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Product Feature: Loan Draw

One of the biggest challenges to the development finance process is submitting loan draw requests to lending institutions. These requests happen frequently and potentially multiple times per project, yet the process can be arduous and inefficient for developers without the proper tools. For most real estate developers, project information is typically trapped in spreadsheets and …

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What makes Real Estate Development Accounting Software Unique?

  Developers rely on software to manage multiple interconnected processes, get data from various sources, and keep track of crucial dates for managing development projects. Errors, omissions, and delays can be costly, especially when investors and stakeholders pay the cost as a result of any setbacks. Software designed specifically for Real Estate Development unites teams …

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Why CRE Tech Adoption is Necessary for your Real Estate Development Firm

Today’s real estate developers are operating in what is quite possibly the most exciting period of technical innovation the CRE industry has ever experienced. Over the last few years, new tech tools have surfaced to make each stage of the asset lifecycle more efficient and allow developers better project control and visibility. However, adopting these …

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The Value of Accurate Reporting for Developers

  Accurate data reporting provides your organization with precise insight into your financial well-being. It is essential that you maintain correct accounting records if you want to know your company’s financial situation at any given time. Having reliable, simple-to-understand accounting reports available when you need them is a smart first step in making sure you …

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Why Real Estate Developers Choose Budgetrac Software for their Accounting

Real Estate Development Accounting Software is a must-have for every company in the industry. In a world where rising costs are a reality, businesses need state-of-the-art software to save them time and money and offer them value and simplicity. One of the clients we would like to highlight is a real estate development company in …

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Loan Draw for Real Estate Developers Made Easy

  The Current Draw Process One of the biggest challenges to the development finance process is submitting draw requests to lending institutions. These requests happen frequently and potentially multiple times per project, yet the process can be arduous and inefficient without the proper tools. The development team is frequently in charge of collecting all project …

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How Non-Accounting Based Real Estate Development Applications Compare to Budgetrac

  With a recent boom in technology in an industry that has traditionally been lagging behind the times, real estate development firms are starting to embrace technology to move projects forward with a higher degree of accuracy. These software applications are categorized in only a couple of ways. Products that manage development but require the …

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